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Going Green with Electric Vehicle Insurance

By September 19, 2023Auto Insurance
electric vehicle plugged in and charging in Goobies, Newfoundland

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Are you ready to move towards a more sustainable future while saving on auto insurance? We’ve got you covered. We understand the importance of environmentally friendly choices, so we offer specialized electric vehicle (EV) insurance for drivers in Newfoundland & Labrador. In this blog, we’ll delve into the benefits of EV insurance, how it works, and the coverage it provides.

Why Choose Electric Vehicle Insurance?

Standard auto and electric vehicle (EV) insurance differ primarily in coverage and focus. While standard auto insurance provides coverage for traditional gasoline or diesel-powered vehicles, EV insurance is tailored specifically to the needs of electric vehicle owners.

One significant difference is the coverage of the EV’s battery, which is a critical and expensive component. EV insurance typically includes protection for the loss or damage to the battery, ensuring that owners are financially safeguarded in case of an accident or malfunction. Additionally, EV insurance often offers perks like free towing for dead EV batteries and coverage for charging equipment, addressing the unique challenges that electric vehicle drivers may encounter. In essence, electric vehicle insurance recognizes the distinct requirements of EV ownership, providing comprehensive coverage and peace of mind for eco-conscious drivers.

Sustainable driving is becoming increasingly popular, and for good reason. Electric vehicles are a cleaner and greener mode of transportation that helps reduce air pollution, greenhouse gas emissions, and carbon footprint. Wedgwood Insurance is committed to supporting this eco-friendly shift by offering insurance that aligns with your green values.

Coverage Tailored to Your EV

What makes EV insurance different from regular auto insurance? While the core coverage remains similar, electric vehicle insurance includes additional benefits designed for EV owners. Here’s a closer look at what EV insurance covers:

1. Loss or Damage to Your Vehicle: EV insurance covers the loss or damage to your vehicle, including the battery. If your battery is damaged as part of a covered claim, you can rest assured that you’re protected. This coverage is crucial since EV batteries can be expensive to replace.

2. Free Towing for Dead EV Batteries: EV insurance has you covered if your EV runs out of charge and strands you. Our EV insurance partner provides free towing services for dead EV batteries, ensuring you’re never left in a difficult situation.

3. Coverage for Charging Equipment: Electric vehicles come with charging cables and stations that are essential for powering your vehicle. EV insurance extends coverage to protect your charging cable or station against loss or damage, giving you peace of mind during your journeys.

The Wedgwood Advantage

Choosing Wedgwood Insurance for your electric vehicle coverage means getting reliable insurance and joining a community of eco-conscious drivers. Here’s why we stand out:

1. Expertise: Our team has a deep understanding of electric vehicles and the unique insurance needs they present. You can trust us to provide tailored solutions catering to your requirements.

2. Sustainable Initiatives: We believe in leading by example. We’re committed to sustainable practices within our organization, ensuring our operations align with our green values.

3. Exceptional Client Service: We prioritize client satisfaction at Wedgwood Insurance. Our dedicated team is here to assist you every step of the way, from choosing the right insurance coverage to handling claims efficiently.

Driving an electric vehicle in Newfoundland & Labrador helps reduce your environmental impact. It offers financial benefits through our specialized EV insurance coverage. At Wedgwood, we’re committed to helping you make sustainable choices while providing reliable protection for your EV. With discounts, comprehensive coverage, and environmental commitment, our EV insurance is a win-win for responsible drivers.

About Wedgwood Insurance

Wedgwood Insurance has offices in St. John’s & Corner Brook and is Newfoundland & Labrador’s largest independent insurance broker. We provide straightforward home, auto & business insurance advice. 

With over 245 Google My Business reviews, experience the Wedgwood difference with expert advice from our dedicated team. We ensure that every client has the coverage that best suits their needs through upfront complimentary consultations and midterm reviews.

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Author Jamie Ross

Jamie Ross leads the Marketing and Communications team at Wedgwood Insurance, renowned as one of Atlantic Canada’s premier independent insurance brokers. Bringing a wealth of experience amassed over many years at some of Canada's most esteemed advertising agencies, Jamie transitioned to the insurance industry in 2017. This pivotal move has marked a period of significant professional growth and contribution to the field. A native Nova Scotian, Jamie has been a resident of St. John's, NL, since 2011, where he has become an integral part of the local community. Learn more about Jamie.

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